"Enormous Scale" of Pharma Criminal Fraud Settlements

"Enormous Scale" of Pharma Criminal Fraud Settlements
Date:     Fri, 24 Dec 2010 10:16:08 -0500
From:     veracare <veracare@ahrp.org>

Alliance for Human Research Protection
A Catalyst for Debate
www.ahrp.org

FYI

A report by Public Citizen documents the enormous scale of lawless activities by the pharmaceutical industry during the past two decades--crimes for which the government levied a minimum of $1 million in penalties. http://freepdfhosting.com/53888d5b53.pdf

Between 1991-2010, there were 165 criminal and/or civil settlements involving major pharmaceutical companies who paid $19.8 billion in penalties.

Four of the world's largest drug companies--GlaxoSmithKline, Pfizer, Eli Lilly, and Schering-Plough--accounted for 53% ($10.5 billion) of penalties during these two decades.

If that isn't shocking enough, during the past five years, Big Pharma has been engaged in a veritable crime spree:

73% of these settlements (121) and 75% of the penalties ($14.8 billion) occurred between 2006-2010.

"While the defense industry used to be the biggest defrauder of the federal government under the False Claims Act (FCA), a law enacted in 1863 to prevent defense contractor fraud, the pharmaceutical industry has greatly overtaken the defense industry in recent years. The pharmaceutical industry now tops not only the defense industry, but all other industries in the total amount of fraud payments for actions against the federal government under the False Claims Act."

But government suits against the pharmaceutical industry have failed to address the harmful human consequences--WHY?

Read more... http://www.ahrp.org/cms/content/view/744/9/

Contact: Vera Hassner Sharav
veracare@ahrp.org
212-595-8974
 
Someday, the lid will blow off the fraud and corrupt Child Abuse Industry.  We believe the False Claims CPS and their contractors generate are close to $300 BILLION a year.